Which of the following statements is true regarding the Equal Credit Opportunity Act?

The Equal Credit Opportunity Act (ECOA) is a critical piece of legislation that aims to prevent discrimination in the lending process. One of its key provisions is the prohibition of discrimination based on marital status among other factors. This means that lenders cannot deny credit based on whether someone is single, married, or divorced. By ensuring fair treatment in lending practices regardless of marital status, the ECOA promotes equal access to credit for all individuals, which aligns with the act’s foundational purpose.

The other options do not accurately reflect the provisions of the ECOA. Income discrimination is explicitly prohibited by the act, as it supports equal opportunity for all regardless of income level. The ECOA applies to a wide range of credit types beyond just mortgage loans, including personal loans and credit cards. Lastly, the act does not allow for discrimination based on credit scores; rather, it requires that lenders evaluate applicants based on creditworthiness without bias toward the individual’s characteristics. Thus, the correct answer highlights the ECOA's role in preventing discrimination based on marital status, reinforcing fair lending practices.